We only recognize revenue to the extent that it is probable that we will recognize a significant reversal of revenue when the uncertainties related to the variability are ultimately resolved. In determining our estimates for discounts, allowances, chargebacks, and returns, we consider historical and current trends, agreements with our customers and retailer performance. We record these discounts, returns and allowances as a reduction to net sales in our Condensed Consolidated Statements of Operations and as a refund liability in our accrued expenses in our Condensed Consolidated Balance Sheets, with the estimated value of inventory expected to be returned in prepaid and other current assets in our Condensed Consolidated Balance Sheets. As of and there was million and million, respectively, in refund liabilities for customer returns, allowances, markdowns and discounts within accrued expenses.

 

Our revenue streams consist of wholesale, direct-to-consumer ecommerce and retail stores which are included in our Condensed Consolidated Statements of Operations. The table below identifies the amount and percentage of net sales by distribution channel (in thousands):

 

		Three Months Ended
		December 28, 2019								December 29, 2018
		$				%				$				%
Retail		$	1,234				1	%		$	1,012				1	%
Direct-to-consumer ecommerce			1,683				2	%			1,582				2	%
Wholesale			92,972				97	%			99,081				97	%
Net Sales		$	95,889				100	%		$	101,675				100	%

 

The table below provides net sales by reportable segment (in thousands) and the percentage of net sales by distribution channel for each reportable segment:

 

		First Quarter Fiscal Year 2020
										Direct-to-Consumer
		Net Sales				Retail				ecommerce				Wholesale
Delta Group		$	88,950				0.3	%			0.3	%			99.4	%
Salt Life Group			6,939				13.5	%			20.7	%			65.8	%
Total		$	95,889

 

		First Quarter Fiscal Year 2019
										Direct-to-Consumer
		Net Sales				Retail				ecommerce				Wholesale
Delta Group		$	94,391				0.4	%			0.4	%			99.2	%
Salt Life Group			7,284				9.3	%			17.2	%			73.5	%
Total		$	101,675